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May 27, 2009

PTC Announces Engagement with Nokia

NEEDHAM, Mass - PTC (Nasdaq: PMTC), The Product Development Company®, today announced its engagement with Nokia, the world's number one manufacturer of mobile devices by market share and a leader in the converging Internet and communications industries.

Nokia has engaged with PTC to develop a Windchill-based functionality extension on top of Nokia’s existing PLM platform. At the same time, Nokia continues to work with its existing PLM partners.